London afternoon: London continues drifting
5th Jul 2010 14:21
London shares are stuck in neutral, with the Footsie barely changed on the day. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost
Read moreLondon midday: Stocks tread water
5th Jul 2010 12:17
The London stock market ended the morning little changed, with the general air of lethargy reinforced by the absence of any directional input from the US market, which is closed today. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds un
Read moreLondon open: Slow start for Footsie
5th Jul 2010 08:42
Early gains for Footsie have disappeared quickly in the face of a poor start for the miners and the absence later on of Wall Street, closed for Independence Day. BP is one of the gainers on reports the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 07:57
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0657 GMT [Dow Jones] Serco's (SRP.LN) announcement of a contract with the Ministry of Justice to provide and operate a new pr
Read moreMARKET TALK: Serco Contract Win 'Rubber Stamping' - Trader
5th Jul 2010 07:57
0657 GMT [Dow Jones] Serco's (SRP.LN) announcement of a contract with the Ministry of Justice to provide and operate a new prison at Belmarsh West is "rubber stamping," as the deal was previously announced at the preferred bidder stage in June 2009, says a trader. Thinks it has been reiterated in li
Read moreLondon pre-open: Footsie targets tiny gain
5th Jul 2010 07:37
It's looking like a quiet and nervy start for London as US stocks struck a new low for 2010 in very late trade Friday. Any moves will be locally-led in the absence of Wall Street, closed for Independence Day. Futures prices indicate a 4-point gain in early trade. The Dow Jones closed down 46 on Fri
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 07:21
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0621 GMT [Dow Jones] Serco Group's (SRP.LN) contract with the Ministry of Justice to provide and operate a new prison at Belm
Read moreMARKET TALK: Serco Contract Win Good News - Trader
5th Jul 2010 07:21
0621 GMT [Dow Jones] Serco Group's (SRP.LN) contract with the Ministry of Justice to provide and operate a new prison at Belmarsh West, London, is clearly good news for the company, says a trader, particularly in light of last week's headlines about cuts in the prison budget. Notes the contract is w
Read moreSerco wins prison contract
5th Jul 2010 07:14
Outsourcing specialist Serco has won a long term contract to provide and operate a new prison at Belmarsh West, London. This is the first prison contract to be awarded in the UK to an alliance of the private and voluntary sectors. Serco's partners in the project are Turning Point, a health and soc
Read moreSerco Signs Pact For Belmarsh West Prison Valued At GBP415M
5th Jul 2010 07:13
LONDON (Dow Jones)--Serco Group PLC (SRP.LN), the international service company, said Monday its consortium has signed a contract with the Ministry of Justice to provide and operate a new prison at Belmarsh West, London worth GBP415 million over 26.5 years. MAIN FACTS: -Serco announced its s
Read moreWednesday tips round-up: Vedanta, Serco, Carpetright
30th Jun 2010 06:47
If there were a "nasty company of the year" award, the FTSE-100 listed mining group Vedanta Resources would not be short of nominations. Human rights and environmental activists consistently attack Vedanta for its practices, not least its bauxite project in the Niyamgiri hills of Orissa state in e
Read moreLondon close: Footsie dives on economic concerns
29th Jun 2010 16:31
London's leading shares ended with heavy losses as concerns about the global economy resurfaced again. Traders were nervy in Europe about bank payments that need to be made to the European Central Bank this week, while triple-digit falls on Wall Street added to London's woes. As in London, US in
Read moreLondon afternoon: Stocks dive deeper
29th Jun 2010 14:27
Expectations of a triple-digit fall on the Dow Jones index when Wall Street opens has added to London's woes. As in London, US investors are concerned that China's economy is not likely to grow at the rate previously anticipated. US based research group the Conference Board said overnight that its
Read moreMARKET TALK: Serco On Track To Meet Expectations - Panmure
29th Jun 2010 13:51
1251 GMT [Dow Jones] Serco's (SRP.LN) trading update confirms the group remains on track to meet expectations, says Panmure Gordon. Organic revenue growth is still healthy and progress towards the group's 6.3% margin target (by '12) is being made, Panmure says. Still the brokerage maintains its caut
Read moreLondon midday: Footsie waves goodbye to 5,000
29th Jun 2010 12:06
Footsie fell below 5,000 as mining shares tanked in the morning session on concerns that China's economy is not likely to grow at the rate previously anticipated. US based research group the Conference Board said its China leading economic index rose just 0.3% in April, a sharp revision down from
Read more